Business
Portfolio Update and Publication of Prospectus
Portfolio Update and Publication of Prospectus.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n \nRNS Number : 3919W Sirius Real Estate Limited 09 February 2017 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \nTHIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. IT IS NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. INVESTORS SHOULD NOT PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE PROSPECTUS TO BE PUBLISHED BY SIRIUS REAL ESTATE LIMITED IN CONNECTION WITH THE PROPOSED MOVE TO THE MAIN MARKET\n \n9 February 2017\nSirius Real Estate Limited\n(\"Sirius Real Estate\", \"Sirius\" or the \"Company\")\n€5.9m sale of Merseburg asset and Publication of Prospectus\nSirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the sale of its site in Merseburg for €5.9 million. The sale of this legacy non-core asset is part of the Company's strategy to dispose of mature and non-core assets and recycle equity into assets with greater value add opportunities, in order to increase total returns from the portfolio.\nAndrew Coombs, Chief Executive Officer, said, \"We are actively recycling capital into higher margin assets and we continue to see interesting acquisition opportunities in our target markets.\"\n \nIn addition, further to previous announcements, Sirius has today published a prospectus (the \"Prospectus\") in connection with moving the listings of its entire issued share capital of 852,858,815 Ordinary Shares from the AIM market of the London Stock Exchange (\"LSE\") and the AltX market of the Johannesburg Stock Exchange (\"JSE\") to trading on the Main Market for listed securities of the London Stock Exchange (\"Main Market\") and the Main Board for listed securities of the JSE (\"Main Board\") (\"Admission\").\n \nThe Prospectus has been approved by the UK Listing Authority. A copy has been submitted to the National Storage Mechanism and will be available at http://www.hemscott.com/nsm.do and http://www.sirius-real-estate.com/investor-relations/financial-information/prospectus/prospectus_index.php. \n \nCopies of the Prospect...